How to connect your indicator with the Trade Manager
Updated
Hi everyone
On Today's tutorial, I wanted to highlight how you can upgrade your own indicator to work with the Trade Manager
Let's take the dummy example of the double MM cross
Step 1 - Update your indicator
Somewhere in the code you'll have a LONG and a SHORT condition. If not, please go back to study trading for noobs (I'm kidding !!!)
So it should look to something similar
macrossover = crossover(MA1, MA2)
macrossunder = crossunder(MA1, MA2)
What you will need to add at the very end of your script is a Signal plot that will be captured by the Trade Manager. This will give us :
// Signal plot to be used as external
// if crossover, sends 1, otherwise sends -1
Signal = macrossover ? 1 : macrossunder ? -1 : na
plot(Signal, title="Signal")
The Trade Manager engines expects to receive 1 for a bullishg signal and -1 for bearish .
Step 2 - Add the Trade Manager to your chart and select the right Data Source
I feel the questions coming so I prefer to anticipate :) When you add the Trade Manager to your chart, nothing will be displayed. THIS IS NORMAL because you'll have to select the Data Source to be "Signal"
Remember our Signal variable from the Two MM Cross from before, now we'll capture it and.....drumb rolll...... that's from that moment that your life became even more AWESOME
The Engine will capture the last signal from the MM cross or any indicator actually and will update the Stop Loss, Take Profit levels based on the parameters you set on the Trade Manager
I worked the whole weekend on it because I wanted to challenge myself and give you something that I will certainly use in my own trading
Please send me some feedback or questions if any
Enjoy
Dave
On Today's tutorial, I wanted to highlight how you can upgrade your own indicator to work with the Trade Manager
Let's take the dummy example of the double MM cross
Step 1 - Update your indicator
Somewhere in the code you'll have a LONG and a SHORT condition. If not, please go back to study trading for noobs (I'm kidding !!!)
So it should look to something similar
macrossover = crossover(MA1, MA2)
macrossunder = crossunder(MA1, MA2)
What you will need to add at the very end of your script is a Signal plot that will be captured by the Trade Manager. This will give us :
// Signal plot to be used as external
// if crossover, sends 1, otherwise sends -1
Signal = macrossover ? 1 : macrossunder ? -1 : na
plot(Signal, title="Signal")
The Trade Manager engines expects to receive 1 for a bullishg signal and -1 for bearish .
Step 2 - Add the Trade Manager to your chart and select the right Data Source
I feel the questions coming so I prefer to anticipate :) When you add the Trade Manager to your chart, nothing will be displayed. THIS IS NORMAL because you'll have to select the Data Source to be "Signal"
Remember our Signal variable from the Two MM Cross from before, now we'll capture it and.....drumb rolll...... that's from that moment that your life became even more AWESOME
The Engine will capture the last signal from the MM cross or any indicator actually and will update the Stop Loss, Take Profit levels based on the parameters you set on the Trade Manager
I worked the whole weekend on it because I wanted to challenge myself and give you something that I will certainly use in my own trading
Please send me some feedback or questions if any
Enjoy
Dave
Note
I've been asked to give the full 2 MM cross Signal scriptYou'll find it between the ///////////
//////////////////////////////////////////
//version=3
//author=Daveatt/David Attias
study("Two SMA Cross (Signal version)", shorttitle="Two SMA cross", overlay=true)
length_ma1 = input(7, title = "MA 1", type=integer, step=1, minval=2)
length_ma2 = input(10, title = "MA 2", type=integer, step=1, minval=2)
MA1 = sma(close, length_ma1)
MA2 = sma(close, length_ma2)
macrossover = crossover(MA1, MA2)
macrossunder = crossunder(MA1, MA2)
// Plots the crosses
plotshape(macrossover, title='MA Crossover', style=shape.circle, location=location.belowbar, size=size.normal, color=green, textcolor=black, text="MA Cross", transp = 0)
plotshape(macrossunder, title='MA Crossunder', style=shape.circle, location=location.abovebar, size=size.normal, color=red, textcolor=black, text="MA Cross", transp = 0)
// Signal plot to be used as external
// if crossover, sends 1, otherwise sends -1
Signal = macrossover ? 1 : macrossunder ? -1 : na
plot(Signal, title="Signal")
///////////////////////////////////////
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📧 Coding/Consulting Inquiries: dave@best-trading-indicator
Telegram: Daveatt
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Twitter: twitter.com/bti_trading
📧 Coding/Consulting Inquiries: dave@best-trading-indicator
Telegram: Daveatt
⏩ Course: best-trading-indicator.com
Twitter: twitter.com/bti_trading
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